In their December issue, Inbound Logistics magazine discusses some results from a recent survey by Barkleys / BOD on the state of logistics confidence. What they found is that larger companies have generally found it more difficult than smaller ones to adapt quickly to changing market conditions we had in 2020. Customer service and resulting business relationships have moved to the forefront of operations.
Securing truck capacity at an acceptable rate is one of the biggest challenges facing shippers today. Tendering loads to a wide net of carriers and brokers is a time consuming and frustrating process involving multiple emails, phone calls and faxes to get the right carrier at the right time at the right rate.
In the last year, we have seen increasing numbers of digital freight brokers, online marketplaces that connect shippers with truckers via cloud-based platforms. Traditionally, shippers and carriers operate within a fragmented network of about 15,000 freight brokers, responsible for connecting truckers with potential shipping loads. Most of these deals are coordinated by email, phone, and some, still by fax, taking hours or days to confirm. With digital freight brokers, shipper demands are more immediately matched with carrier capacity.
SupplyChainBrain recently published an interesting article on the state of the supply chain for getting PPE efficiently distributed. In a conversation with Chris Garcia, CEO of Health Supply US, Robert Bowman of SupplyChainBrain uncovers what shippers are doing to ensure a national supply of PPE. As we enter the third wave of COVID-19 infections, it is more important than ever to get #criticalsupplies to front line workers quickly and efficiently, in a collaborative effort between shippers and truckers.
As a digital freight broker, Opus9 is staying up to date on the latest freight rates and forecasted trends, to provide the best service to our partner shippers and carriers. Starting today, we are adding a weekly update called Freight Broker News where we will provide the latest information on rates, trends, and industry news.
Opus9 has integrated with FreightWaves SONAR to improve Opus9’s Rating Algorithm that provides accurate, real-time truck load rates for shippers
Opus9, a leading digital freight broker that enables shippers to efficiently centralize and manage carrier quotes, make bookings and track freight movements, today announces that it has integrated its freight booking platform with FreightWaves SONAR. Using SONAR data will expedite and improve the accuracy of the freight rate quotes that Opus9 delivers to shippers.
On October 9th, William Cassidy, Senior Editor at the Journal of Commerce, published an article on Shippers rethinking annual trucking procurement cycles. He points out that due to the current disruptions caused by COVID-19 pandemic, shippers are rethinking how they procure freight transportation. He continues by saying that "shippers are modifying their approach to bidding, using more short-term 'mini-bids' than ever before and turning to technology to improve a process that often breaks down when market prices swing quickly." Shippers "are looking for ways to avoid costly contract rate hikes propelled by a historic surge in spot truckload rates that began in May and have barely slowed since. They won't do that by sticking to traditional practices strictly focused on price, shippers, analysts, and trucking. Bidding processes will have be be more specific, more flexible, and more collaborative."
For the 3rd year in a row, Opus9 is proud to be a part of the FreightWaves Top 100 FreightTech companies for 2021. The FreightTech 100 highlights the most innovative companies across the industry.
Today, we launched our Transportation Management System (TMS), a tool that enables shippers to manage all of their freight in a centralized place. The new TMS builds on the success of our award-winning Marketplace, which currently allows shippers to get instant freight quotes, book with high quality Opus9 carriers and track their shipments in real-time.